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Theory of production and cost, • Production Function . The factors of produ...
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
Quantity pricing, 1. Sam Smith owns an internet radio company that has subs...
1. Sam Smith owns an internet radio company that has subscribers in Houston and Dallas. The demand functions for the 2 markets are: Q(Houston) = 50-0.35P(Dallas) Q(Dallas) = 80-0.
Bains model of limit pricing., explain diagrammatically the bains model of ...
explain diagrammatically the bains model of limit pricing.
What is the difference between capital and capital value, What is the diffe...
What is the difference between 'Capital' and 'Capital value'? "The total amount of money or other resources owned or used to obtain future income or benefits." On the other h
Consumer''s equilibrium, using necessary and sufficient conditions explain ...
using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically
Development administration, Development Administration: Since the Gove...
Development Administration: Since the Government has been entrusted to manage economic and business activities, it was found difficult to manage the economic policy with the t
Minimum Efficient Scale, Which firm has the greatest minimum efficient scal...
Which firm has the greatest minimum efficient scale?
Model of corruption with theft, Consider the model of corruption explored b...
Consider the model of corruption explored by Shleifer and Vishni's where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
Infrastructure , Infrastructure : Infrastructure plays an important ro...
Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p
Income and substitution effects, Income and Substitution Effects A fall...
Income and Substitution Effects A fall in price of a good has the two effects: Substitution & Income -Substitution Effect Consumers will tend to buy more of the good
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